StoryCommercial
Cibus secures non-binding letter of intent to commercialize herbicide-tolerant rice in Latin America
Cibus signed a non-binding letter of intent to commercialize its gene-edited herbicide-tolerant rice across key Latin American markets. The company has seven active customer relationships representing 5–7 million peak addressable acres and over $200 million in peak annual royalties, with a target 2027 LATAM launch and refined 2029 US launch.
- Seven active customer relationships in Latin America
- 5–7 million peak addressable acres
- $200 million+ peak annual addressable royalties
- Target 2027 LATAM launch, refined 2029 US launch